Investment

GLOBAL - Global real estate investment management firm CB Richard Ellis Investors has launched CBRE Global Real Estate Securities - an investment programme offering global securities investment and management services.

FRANCE - AXA Investment Managers (AXA IM) and BNP Paribas Asset Management have pooled forces to develop a new range of ETFs to be sold under the EasyETF brand.

UK - Multi-manager Investment Solutions Limited, part of the Alexander Forbes Group, has announced plans to launch into the investment fund market in the second quarter of 2005.

UK - Multi-manager Investment Solutions Limited, part of the Alexander Forbes Group, has announced plans to launch into the investment fund market in the second quarter of 2005.

TURKEY - Emerging markets investment management specialist Charlemagne Capital has launched a fund that aims to tap into the economic and financial potential of Turkey.

POLAND - Morley Fund Management, the UK-based investment arm of Aviva, will launch the first hedge fund managed and invested in Poland in February with the aim of raising e120m.

GERMANY - The German government has removed a burdensome tax on investors in listed real estate companies and will allow them to claim a beneficial tax rate on dividends received from these companies in 2004.

EUROPE - Axa Investment Managers is to bring the first European real estate ETF (exchange traded fund) onto the Euronext Paris exchange next Thursday, 2 December.

FRANCE - BNP Paribas Asset Management (BNP PAM) and Fauchier Partners have merged their joint venture - BNP Paribas Fauchier Partners (BNP FP)- with Fauchier Partners to create a major fund of hedge funds business.

GLOBAL - Turkish asset management firm Finans Portfoy and Dow Jones Indexes have launched Turkey's first exchange-traded fund.